401 K Plan Contribution Limits 2024 Over 50. Participants who are 50+ can save an additional $7,500 in 2024 in. This means that your total 401(k) contribution limit for 2024 is.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. You can contribute to both a 401 (k) and an ira, as long as you keep your contributions to certain limits.